Loading...
•
Mar 31
ShotSpotter Q1 2025 Earnings Report
Reported First Quarter 2025 Financial Results
Key Takeaways
SoundThinking reported a strong start to 2025 with a 12% year-over-year increase in revenues, reaching $28.3 million, driven by the renewal of two delayed contracts with the New York City Police Department. The company also saw an improvement in Adjusted EBITDA.
Revenues increased 12% year-over-year to $28.3 million.
Gross profit increased 11% to $16.6 million.
GAAP net loss totaled $1.5 million, an improvement from the prior year.
Adjusted EBITDA totaled $4.5 million, an improvement from the prior year.
ShotSpotter
ShotSpotter
Forward Guidance
SoundThinking reaffirmed its full-year 2025 revenue guidance but reduced its Adjusted EBITDA margin guidance.
Positive Outlook
- Reaffirmed full-year 2025 revenue guidance range of $111.0 million to $113.0 million.
- Expects 10% year-over-year revenue growth at the midpoint of guidance.
- Reaffirmed expectation for ARR to increase to approximately $110.0 million at the start of 2026.
- Expects to deliver both revenue growth and increased profitability in 2025.
- Confident in long-term financial targets of 70% gross margin and 40% Adjusted EBITDA margin.
Challenges Ahead
- Reduced Adjusted EBITDA margin guidance range from 21% to 23% to 20% to 22% for the full year 2025.
- Financial outlook is based on current expectations and actual results could differ materially.
- Has not reconciled Adjusted EBITDA outlook to GAAP net income due to uncertainty and variability of certain items.
- The long-term financial targets do not include a ShotSpotter contract renewal in Chicago.
- Depends on successfully negotiating and executing contracts with new and existing customers in a timely manner.